677 Magnolia Ave Beaumont, CA 92223
Estimated payment $12,849/month
Highlights
- 0.41 Acre Lot
- Bike Trail
- 1-Story Property
About This Home
Proud to present Magnolia Avenue Apartments, a well-maintained 12-unit multifamily investment opportunity located in the growing city of Beaumont, CA. The property consists of a desirable mix of one- and two-bedroom units, each designed for tenant comfort and long-term stability. On-site parking, spacious layouts, and convenient access to nearby retail, dining, and schools make Magnolia Avenue Apartments a sought-after rental option for local residents. Positioned in a high-growth Inland Empire submarket, the property benefits from Beaumont’s strong population growth, limited multifamily inventory, and consistently high tenant demand. Current rents remain below market, offering investors the opportunity to increase income through renovations and strategic management. Magnolia Avenue Apartments offers investors a rare opportunity to acquire a stable, cash-flowing property with significant upside potential in one of Southern California’s most dynamic rental markets.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1947
Lot Details
- 0.41 Acre Lot
- Two or More Common Walls
- Density is 11-15 Units/Acre
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 7,089 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Bathrooms
Parking
- 15 Open Parking Spaces
- 15 Parking Spaces
Utilities
- Septic Type Unknown
Listing and Financial Details
- Tax Lot 85
- Tax Tract Number 44000
- Assessor Parcel Number 418074015
Community Details
Overview
- 4 Buildings
- 12 Units
Recreation
- Bike Trail
Building Details
- 12 Separate Electric Meters
- 12 Separate Gas Meters
- Insurance Expense $10,000
- Professional Management Expense $2,400
- Trash Expense $4,500
- Water Sewer Expense $5,800
- Operating Expense $55,145
- Gross Income $161,772
- Net Operating Income $101,774
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $4,328 | $334,487 | $67,793 | $266,694 |
| 2023 | $4,328 | $321,500 | $65,161 | $256,339 |
| 2022 | $4,261 | $315,197 | $63,884 | $251,313 |
| 2021 | $4,181 | $309,018 | $62,632 | $246,386 |
| 2020 | $4,138 | $305,850 | $61,990 | $243,860 |
| 2019 | $4,074 | $299,854 | $60,775 | $239,079 |
| 2018 | $4,058 | $293,976 | $59,584 | $234,392 |
| 2017 | $3,995 | $288,213 | $58,416 | $229,797 |
| 2016 | $3,891 | $282,563 | $57,271 | $225,292 |
| 2015 | $3,826 | $278,320 | $56,411 | $221,909 |
| 2014 | $3,829 | $272,870 | $55,307 | $217,563 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/06/2026 01/06/26 | Price Changed | $2,400,000 | +29.7% | $339 / Sq Ft |
| 09/10/2025 09/10/25 | For Sale | $1,850,000 | -- | $261 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV25214521
APN: 418-074-015
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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